FinTech-Driven Financial Inclusion: Evaluating the Transformation of Access to Financial Services in India

Author

Dr. P. Suganya, Priyanka. P


Abstract

 Financial Technology (FinTech) has become a prominent factor behind financial inclusion in India through its impact on the provision of financial services. With the development of digital payment systems, mobile banking, online lending, and identity-based financial services, access to financial services has been greatly extended beyond the confines of banks. This paper is aimed at discussing the contribution of FinTech to financial inclusion through enhanced accessibility and convenience. In particular, it will consider the contribution of digital technologies such as UPI, Aadhaar, and mobile connectivity to making financial services accessible and inclusive. In addition, it will address the challenges that are currently faced in this respect, including the issue of digital literacy, cyber security, and uneven access to technology.



Keywords

FinTech, Financial Inclusion, Digital Payments, UPI, Digital Banking, India



Full Text:

Download Paper PDF


References


  1. Reserve Bank of India. (2023).Report on Trend and Progress of Banking in India 2022–23. Mumbai: Reserve Bank of India. https://www.rbi.org.in
  2. Gomber, P., Koch, J. A., & Siering, M. (2017).Digital finance and FinTech: Current research and future research directions. Journal of Business Economics, 87, 537–580. https://doi.org/10.1007/s11573-017-0852-x
  3. Arner, D. W., Barberis, J., & Buckley, R. P. (2016).The evolution of FinTech: A new post-crisis paradigm? Georgetown Journal of International Law, 47(4), 1271–1319.
  4. Ozili, P. K. (2021).Financial inclusion and FinTech during the COVID-19 crisis: Policy solutions. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.3585662
  5. Jena, R. K. (2025).Factors influencing the adoption of FinTech for financial inclusion in rural India. Journal of Risk and Financial Management, 18(3), 150. https://doi.org/10.3390/jrfm18030150

 

 

 

Share your valuable work from Social Media Buttons